Arlo Technologies (ARLO)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -22,036 | -44,883 | -58,198 | -62,392 | -56,626 | -41,263 | -42,026 | -53,789 | -56,029 | -64,447 | -66,708 | -72,644 | -101,251 | -66,426 | -79,557 | -83,993 | -85,951 | -144,639 | -127,274 | -111,404 |
| Total assets | US$ in thousands | 285,538 | 297,637 | 269,021 | 257,083 | 272,201 | 331,216 | 299,678 | 311,790 | 347,490 | 333,326 | 330,781 | 347,194 | 413,968 | 388,899 | 389,957 | 410,176 | 542,712 | 426,995 | 415,462 | 480,374 |
| ROA | -7.72% | -15.08% | -21.63% | -24.27% | -20.80% | -12.46% | -14.02% | -17.25% | -16.12% | -19.33% | -20.17% | -20.92% | -24.46% | -17.08% | -20.40% | -20.48% | -15.84% | -33.87% | -30.63% | -23.19% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-22,036K ÷ $285,538K
= -7.72%
Arlo Technologies Inc's return on assets (ROA) has shown a declining trend over the past eight quarters. The company's ROA has been negative in all the quarters provided, indicating that its net income generated from its assets has been insufficient to cover its total assets. Specifically, the ROA figures ranged from -24.27% in Q1 2023 to -7.72% in Q4 2023.
The consistently negative ROA suggests that Arlo Technologies Inc may be facing challenges in efficiently utilizing its assets to generate profits. Investors and stakeholders may be concerned about the company's ability to effectively create value from its asset base. Management should focus on improving operational efficiency, cost control, and revenue generation strategies to enhance the company's overall profitability.
Peer comparison
Dec 31, 2023